How Treasury Issues Debt
Grant A. Driessen
Abstract
Open-access reader
Grant A. Driessen
Abstract
Open-access reader
This report examines Treasury's debt management practices, focusing on the auction process, how prices and interest rates of securities are determined, and the role of market participants in the process. It also addresses the role of debt plays in influencing present and future budget outcomes.
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This report examines Treasury's debt management practices, focusing on the auction process, how prices and interest rates of securities are determined, and the role of market participants in the process. It also addresses the role of debt plays in influencing present and future budget outcomes.
Key concepts: Treasury, Debt, Bad debt, Interest rate, Business, Monetary economics, Internal debt, Economics